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28Ambrian Capital plcAnnual Report & Accounts 2009Notes forming part of the consolidated financial statements (continued)for the year ended 31 December 20097 TaxationThe tax provision for the period is lower than the standard rate of corporation tax in the UK of 28%/28.5%. The differences are explainedas follows:2009£2008Restated£Profit/(loss) before tax 2,926,520 (17,627,272)UK corporation tax on loss for the year at 28% (2008: 28.5%) 818,425 (5,023,773)Expenses not deductible for tax purposes 70,029 475,027Other adjustments (197,246) 365,057Adjustments in respect of prior years (415,449) (582,088)276,759 (4,765,777)ComprisingCurrent tax expense/(credit) 432,361 (845,262)Prior year tax overprovision (147,516) (778,988)Deferred tax resulting from the origination and reversal of temporary differences– On unrealised gains on financial assets 533,164 (3,332,430)– On reserve for share-based payments (541,250) 190,903276,759 (4,765,777)8 DividendsFinal dividend for the year ended 31 December 2007 1.00p per share – 999,465Interim dividend for the year ended 31 December 2008 0.75p per share – 720,088Final dividend for the year ended 31 December 2008 0.75p per share 721,546 –Interim dividend for the year ended 31 December 2009 0.75p per share 721,785 –1,443,331 1,719,553The directors have declared a second interim dividend of 0.75p per share for the year ended 31 December 2009 which is payable on 30 March2010. Based on the number of shares in issue at the year end, the total amount payable would be £724,809. Dividends are not paid on treasuryand EBT shares.The directors do not propose a final dividend for the year ended 31 December 2009 (2008: 0.75p per share).9 Earnings per ordinary shareThe calculation of the basic earnings per share is based on the earnings attributable to ordinary shareholders divided by the weighted averagenumber of shares in issue during the year, excluding shares held in the Employee Benefit Trust and treasury shares.The calculation of diluted earnings per share is based on the basic earnings per share adjusted to allow for the issue of shares through theshare option schemes (note 21) on the assumed conversion of all dilutive options.Reconciliations of the earnings and weighted average number of shares in the calculations are set out below.Earnings£Weightedaveragenumberof shares2009£2008£2009 Restated 2008Pershareamount(pence)Earnings£Weightedaveragenumberof sharesBasic earnings/(loss) per share 2,649,761 96,169,277 2.76 (12,861,495) 99,579,821 (12.92)Dilutive effect of share options 551,985 –Diluted earnings/(loss) per share 2,649,761 96,721,262 2.74 (12,861,495) 99,579,821 (12.92)No dilutive effect of the share options is shown for the year ended 31 December 2008 as their effect is anti-dilutive. Had there been a dilutiveeffect for the year ended 31 December 2008, the calculation would have been based on a weighted average number of shares of 99,733,870.Pershareamount(pence)